Jeffrey Yohai gets 9 years for real estate schemes

Paul Manafort’s former son-in-law stole $6M from investors

TRD LOS ANGELES /
Nov.November 11, 2019 12:48 PM
Jeffrey Yohai and 779 Stradella Road
Jeffrey Yohai and 779 Stradella Road

Jeffrey Yohai, former son-in-law of Paul Manafort, was sentenced Friday to more than nine years in prison for running two fraud schemes centered around developing high-end Los Angeles real estate.

Yohai stole more than $6 million from investors with the understanding that money would be used to build spec homes in some of L.A.’s priciest neighborhoods, only to use it for personal expenses. U.S. District Judge Andre Birotte Jr. was sharply critical of Yohai’s actions at his sentencing, saying he “has an evil mind,” according to WeHoville.

The 37-year-old West Hollywood resident pleaded guilty to conspiracy to commit bank fraud in early 2018 and was arrested on a similar charge while he awaited sentencing. The scheme began to unravel in 2016 after a New York-based photographer sued him for allegedly scamming him out of $3 million.

Later that year he defaulted on loans for four L.A. properties, including a home on Stradella Road in Bel Air and a spec project in the Bird Streets.

Manafort, whose daughter Jessica divorced Yohai in 2017, lent $2.7 million to acquire the property on Stradella Road. A judge slapped Yohai with an injunction for renting out that property as a party house around the time he pled guilty in early 2018. The plea deal included an agreement to cooperate with Special Counsel Robert Mueller’s probe of Russian interference in the 2016 election.

Prosecutors said Yohai also sold bogus passes to the Coachella Music & Arts Festival, pawned expensive music gear that he didn’t own, and scammed recovering addicts through a “sober living” home he set up in L.A., according to Politico.

Yohai’s attorneys sought a five-year prison term. He was also ordered to pay $6.7 million in restitution and serve three years of supervised release after his prison term. [WeHoville]Dennis Lynch 


Related Articles

arrow_forward_ios
Kathy Griffin and the home (Credit: Douglas Elliman and Tibrina Hobson/Getty Images)

No laughing matter: Kathy Griffin wants $16M for Bel Air manse

No laughing matter: Kathy Griffin wants $16M for Bel Air manse
Mohamed Hadid and Mike Feuer, with the mansion (Credit: Rochelle Brodin/Getty Images, and Earl Gibson III/Getty Images)

Still standing: Demolition of Hadid mansion hits impasse

Still standing: Demolition of Hadid mansion hits impasse
Ardie Tavangarian and Elon Musk (Credit: Noam Galai and Saul Martinez, via Getty Images)

Developer Ardie Tavangarian buys four homes from Elon Musk

Developer Ardie Tavangarian buys four homes from Elon Musk
Elon Musk and the home (Credit: Pascal Le Segretain/Getty Images and Sotheby's via Money.com)

One down, six to go: Elon Musk sells Bel Air mansion for $29M

One down, six to go: Elon Musk sells Bel Air mansion for $29M
3 of the priciest homes to close last week (Credit: Google Maps)

LA luxury homes sales dipped last week

LA luxury homes sales dipped last week
Travis Kalanick (Credit: Justin Sullivan/Getty Images)

Travis Kalanick behind $43M Bel Air purchase

Travis Kalanick behind $43M Bel Air purchase
Elon Musk and the two homes (Credit: Google Maps and Jörg Carstensen/picture alliance via Getty Images)

Elon Musk lists Bel Air properties after tweeting: “Will own no house”

Elon Musk lists Bel Air properties after tweeting: “Will own no house”
Robert Shapiro and the home (Credit: Viewpoint Collection and Google Maps)

Bel Air property once owned by convicted Ponzi schemer Robert Shapiro sells for $60M

Bel Air property once owned by convicted Ponzi schemer Robert Shapiro sells for $60M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...